Penn Lease Extensions: Q and A’s

  • Hi, I just randomly found your site. I'm seeking prices on what it cost to extend a lease of a one bedroom second floor purpose built flat in Penn. It's on sale at the moment but has around 62 years of unexpired leasehold
  • I have an interest in the freehold of buildings comprising of six flats each. 2 of the leasehold owners want a lease extension and I'm wondering about the procedure for this
  • I am looking to extend the lease on my studio flat in Penn which will have 60 years unexpired lease in June. What fees apply?
  • Hi. I need a to have a look at my lease extension before it's completed just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few minor variations.
  • I would like to have my residential flat leasehold extension premium assessed. The flat is in Penn, and my lease will reach 79 years this April. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • I am thinking about acquiring an auction property and came upon a two bed flat in Penn. It has just fifty year lease..the seller being mortgagees in possession will not want to mess around with seeking a lease extension..what are the disadvantages of this other than the expensive fee to put a new lease on it and reduced chance of getting a mortgage with Coventry Building Society?
  • Offer accepted on a a ground floor flat in Penn, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 82 years.Contracts were due to be exchanged in a couple of days. My question is Should I tell the owner that I will only proceed with the purchase (at the same price) on the condition they carry out a lease extension?
  • My (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My fiance and I have been in discussion with our freeholder after having a valuation on our garden flat in Penn. We have a 73 year lease and we wish to increase this to 99. The Freeholder has given us with a financial figure that she is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • Hopefully an easy question for you, how much does it cost for a lease extension on a residential property in Penn for a two bed flat - section 42 having been issued?
  • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Penn